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NBR releases a set of FAQS relating to VAT increase
Manama- January 3, 2022:
NBR (National Bureau for Revenue) has released a set of FAQS on the transitional measures related to the VAT rate increase in Bahrain. The basic percentage of value-added tax has been changed from 5 percent to 10 percent effective from January 1, 2022.
Supplies of goods or services made on or after January 1, 2022, will be subject to 10% value-added unless the supply is zero-rated, exempt or falls within the transitional provisions set out below.